Mary McGovern ‘86: Leading the Way as Country Bank's First Woman President

Mary McGovern '86 recently broke new ground as the first woman to be named President and CEO of Country Bank in the institution's 174-year history. Her story is one of steady ascent, built on education, perseverance, and leadership.

A math major, McGovern recalled the formative role the College played in shaping her confidence and voice. "Being in an all-women’s environment made it easier to develop my voice," she said. "I carried that skill with me when I entered rooms full of men."

McGovern began her financial services career at Fidelity Investments before transitioning into banking at Boston Private Bank. "Boston Private was small when I joined—only the 22nd hire, with around $75 million in assets," she recalled. "I grew with them, and while there, I earned my MBA at Babson, with a concentration in finance." This early experience provided her with the foundation for leadership roles in the banking sector.

Her career trajectory includes positions at Capital Crossing Bank and a 12-year tenure at Danvers Bank, where she witnessed significant growth. In 2011, she relocated her family to join Country Bank as Chief Financial Officer (CFO) and steadily climbed the ranks. By 2024, McGovern had assumed the role of President and Chief Executive Officer.

“Mary’s proven track record, dedication, and strategic vision make her the ideal candidate for this role. We are especially proud to break the proverbial glass ceiling by appointing the first female president in Country Bank’s history,” said James Phaneuf, Chair of the Bank’s board.

Leadership with a Vision

Now at the helm of the bank, based in Ware, Mass., with 15 branches and approximately $2 billion in assets, McGovern is focused on expanding its community-focused initiatives while driving its growth and modernization efforts. "The CEO role is much more about being the face of the company," she said. "It’s fun—meeting customers, engaging with the community, and connecting with peers at other banks." She also remains keenly aware of the legacy she’s creating as a woman in a male-dominated industry. "You can’t be afraid to speak out and take opportunities as they come."

Throughout her career, McGovern has championed flexibility in the workplace, drawing from her own experiences as a working parent. "When my kids were young, flexibility wasn’t really an option," she said. "Now, with remote work, parents can be home when their kids get off the bus, then return to their computers. It’s crucial, especially given how difficult and expensive childcare has become."

McGovern’s advocacy for flexibility is reflected in Country Bank's policies under her leadership. "There’s a real risk of losing talent if you mandate five days in the office while competitors offer remote or hybrid options," she noted. The bank has implemented a flexible in-office schedule to accommodate the evolving needs of its workforce.

A Legacy of Empowerment

McGovern’s ties to Emmanuel College remain strong. Her daughter, Abigail, graduated from the college in 2019 with a degree in biology and a minor in political science. She currently works as a legislative aide for Congressman Richard Neal in Washington, D.C., focusing on healthcare policy.

For McGovern, the values she learned at Emmanuel continue to guide her leadership philosophy. "Emmanuel encouraged us to step out of our comfort zones," she said. "My experience there helped shape my leadership style, and I’m proud of how the College continues to evolve, offering more opportunities for students today."

Her advice for the next generation is simple: seize every opportunity. "Sometimes an opportunity doesn’t look like the path you want to take, but if someone asks you to step up, take it—you never know where it might lead.”